PayTrace, Inc.

PayTrace, Inc. Overview

Company Headquarters: US

Founded: 2004

Workforce: ~100

Company Working: PayTrace, Inc. is a part of North American Bancard (NAB). It is a financial technology company that provides payment processing solutions for businesses of all sizes. PayTrace's primary service is its payment gateway, which allows merchants to securely accept credit card and ACH payments online or in-person. The gateway supports a wide range of payment methods, including Visa, Mastercard, American Express, Discover, and electronic checks. In addition to payment processing, PayTrace also offers a suite of business management tools, including invoicing, recurring billing, and customer management. PayTrace serves a variety of industries, including healthcare, retail, e-commerce, and professional services. The company's customers range from small businesses to large enterprises, and it has a strong presence in the United States and Canada.

Strategy

PayTrace, Inc. aims to continue to focus on developing and enhancing its payment processing technology to make it more secure, reliable, and user-friendly. This includes investing in advanced fraud detection and prevention tools and providing comprehensive reporting and analytics capabilities to merchants.

Company Snapshot

100

Employees

2004

Founded

US

Headquarters

SWOT Analysis

Strengths

Secure and reliable payment processing technology
Strong relationships with major banks and financial institutions
Advanced fraud detection and prevention tools

Weaknesses

Limited international coverage

Opportunities

Expansion into new international markets and currency options

Threats

Rapid technological changes

Key Developments

Date	Approach	Development
April 2023	Partnership	Virtualitics, an AI and data exploration business, partnered with North American Bancard (NAB) a parent company of PayTrace, and electronic payment systems provider. This partnership allows NAB to investigate and comprehend payment intelligence. Virtualitics' solutions assist consumers in identifying data patterns and providing entrepreneurs with data-driven insights to help them make better decisions.
March 2022	Acquisition	Payment’s solution provider PayTrace has been acquired by payments provider North American Bancard. According to PayTrace, one of its first steps with NAB will be to add the Electronic Payment Exchange network to PayTrace, which is a consumer shopping payment experience that has strong data security.

Product Offering

PayTrace, Inc.
- Global Digital

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